Worries over German banks sink bond issue, hit shares



Deutsche Bank (DBKGn.DE) shares hit a record low on Tuesday and state-backed lender NordLB scrapped plans for a 500 million euro ($560 million) bond sale, underlining investor concern about the health of the financial industry in Europe's largest economy.
The decision by NordLB to shelve the bond issue because of a lack of demand came a day after Deutsche, Germany's largest bank with around 100,000 employees, was forced to reassure investors it did not need government support to help meet a potential $14 billion claim from the U.S authorities.
Deutsche Bank shares hit a record low of 10.19... read more

 
27 September 2016 in Business, Views: 44
Source: Reuters
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